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Pizza Express ponders Wagamama approach

Pizza Express is considering a takeover of Wagamama and Frankie & Benny’s owner, the Restaurant Group.

According to Sky News, Pizza Express is in preliminary stages of evaluating whether to make a rival offer for TRG, which this month agreed to be bought by Apollo Global Management for just over £500m.

TRG operates more than 400 restaurants in the UK.

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